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MIRE Wants to invest a sum of money today that will yield $4,300 at the end of each of the next 10 years. Assuming he
MIRE Wants to invest a sum of money today that will yield $4,300 at the end of each of the next 10 years. Assuming he can earn an interest rate of 5% compounded annually, how much must he invest today? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice 0 $86,000.00 o $43.000.00 0 $40,850.00 0 $33,203.31 0 $38.807.50 $38,807.50
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